Rental market snapshot for Oak Park, Illinois

Oak Park, Illinois Rental Property Market Overview

The average rent for an apartment in Oak Park is $1,791. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by -3.6% over the past year.

Oak Park is a village in Cook County, Illinois, United States. It is the 29th largest municipality in Illinois as measured by population in the 2010 U.S. census. As of the 2010 United States Census the village had a population of 51,878. Oak Park was settled beginning in the 1830s, with rapid growth later in the 19th century and early 20th century. It incorporated as a village in 1902, and was characterized by expansive homes and commercial buildings in a variety of architectural styles. The architecture of Oak Park is diverse, with Victorian, Queen Anne, Prairie, and Arts and Crafts styles represented. The village is adjacent to the West Side of Chicago and is home to the Frank Lloyd Wright-designed Unity Temple. Oak Park has a long history of involvement in the arts, Oak Park residents have been active in the development of the village's cultural life. Oak Park has also been notable for its involvement in municipal reform movements.

Last Updated December 23, 2022

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Average monthly rent graph in Oak Park Illinois | Cost of Living

  • The most expensive ZIP Code in Oak Park is 60301 with an average price of $2,078
  • The cheapest ZIP Code in Oak Park is 60304 with an average price of $1,039

Oak Park ZIP Codes with the highest, most expensive rent

#zip codeaverage rent
160301$2,078
260302$1,800
360304$1,159

Live near Oak Park, Illinois's Top Sights and Attractions

Ridgeland Common Recreation Complex is a 15-acre park that features a playground, basketball courts, a spray pool, a walking path, and a picnic grove. The park also has a field house with a gymnasium, a meeting room, and a kitchen.

Rehm Park is a beautiful park located in Oak Park, Illinois. The park features a variety of amenities including a playground, a basketball court, a picnic area, and a walking trail. The park is also home to a variety of trees and plants, making it a great place to enjoy the outdoors.

The Village of Oak Park is a historic suburb of Chicago with a population of about 52,000. It is home to Frank Lloyd Wright's Unity Temple and the Ernest Hemingway Museum, as well as a number of other historic sites. Oak Park is also known for its diverse architecture, including Victorian, Prairie, and Arts and Crafts styles.

Barrie Park is a beautiful park located in Oak Park, Illinois. The park is home to a variety of trees, flowers, and shrubs, as well as a pond and a fountain. Visitors can also enjoy a picnic in the park, or take a stroll along the walking paths.

The Senior Citizens Center of Oak Park & River Forest is a community center that provides a variety of services and programs for seniors. The center offers a wide range of activities, including fitness classes, educational programs, and social events. The Senior Citizens Center is a great resource for Oak Park and River Forest residents who are looking for ways to stay active and engaged in their community.

Longfellow Park is a beautiful park located in Oak Park, Illinois. The park is home to a variety of trees, flowers, and shrubs, as well as a pond and a fountain. Visitors to the park can enjoy a variety of activities, including walking, picnicking, and fishing.

Taylor Park is a beautiful park located in Oak Park, Illinois. The park features a playground, a basketball court, a picnic area, and a walking path. The park is also home to a variety of trees and plants, making it a great place to take a stroll and enjoy the scenery.

Scoville Park is a beautiful park located in the heart of Oak Park. The park features a playground, a basketball court, a tennis court, a picnic area, and a pond. The pond is home to ducks, geese, and fish, and is a popular spot for bird watching. Scoville Park is also a popular spot for weddings and other special events.

Oak Park, Illinois area median rent change by ZIP Code map

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How does Oak Park compare to other cities in Illinois ?

citymedian price
Zion$1,400
Park$2,100
Dolton$1,865
La Grange Highlands$2,395
Darien$2,185
Winnetka$1,550
Savoy$1,065
Deerfield$2,185
Prospect Heights$1,368
Gurnee$1,796

Average household income in Oak Park area graph - US Census

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The median household income in Oak Park in 2021 was $96,945. This represents a 30.8% change from 2011 when the median was $74,141.

#categorypercent
0Less than $10,0005.8%
1$10,000 to $14,9993.4%
2$15,000 to $19,9992.1%
3$20,000 to $24,9993.1%
4$25,000 to $29,9992.4%
5$30,000 to $34,9992.1%
6$35,000 to $39,9992.2%
7$40,000 to $44,9991.9%
8$45,000 to $49,9992.1%
9$50,000 to $59,9995.7%
10$60,000 to $74,9997.7%
11$75,000 to $99,99912.5%
12$100,000 to $124,9998.2%
13$125,000 to $149,9999.2%
14$150,000 to $199,99910.8%
15$200,000 or more20.8%

Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

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Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.
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